LEASES (Tables)

3 Months Ended

Mar. 31, 2019

Information related to the Company’s right-of-use assets and related lease liabilities were as follows:

	Three Months Ended
	March 31, 2019

Cash paid for operating lease liabilities	$	70,900
Right-of-use assets obtained in exchange for new operating lease obligations (1)	$	168,200
Weighted-average remaining lease term		12.4 months
Weighted-average discount rate		10.0	%

(1)

Includes $225,300 for operating leases existing on January 1, 2019. No new operating leases commenced in the first quarter of 2019.

Maturities of lease liabilities as of March 31, 2019 were as follows:

Due in 12 month period ended March 31,
2020	176,400
2021	14,400
	190,800
Less imputed interest	(10,300	)
Total lease liabilities	180,500
Current operating lease liabilities	166,600
Non-current operating lease liabilities	13,900
Total lease liabilities	180,500